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Silver severe Market backwardation. Paper Market Breakdown.

 
jlee2027
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02/10/2021 11:47 AM
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Silver severe Market backwardation. Paper Market Breakdown.
Paper is trading for far less than actual Physical.

Example.
Paper is $27 an ounce.

Bars are $32-$34 an ounce
(APMEX: [link to www.apmex.com (secure)]

This is backwardation. And it's getting worse, not better. The paper market is breaking. HOLD THE LINE.

My fellow SilverTards we ride soon.
jlee2027  (OP)

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02/10/2021 11:49 AM
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Re: Silver severe Market backwardation. Paper Market Breakdown.
They CANNOT raise the paper price. I believe that would destroy them by setting a fire under the physical demand.

So, they are stuck.
Anonymous Coward
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02/10/2021 11:49 AM
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Re: Silver severe Market backwardation. Paper Market Breakdown.
RIDE!!!!
jlee2027  (OP)

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02/10/2021 11:52 AM
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Re: Silver severe Market backwardation. Paper Market Breakdown.
jlee2027  (OP)

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02/10/2021 11:58 AM
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Re: Silver severe Market backwardation. Paper Market Breakdown.
bump
Anonymous Coward
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02/10/2021 12:02 PM
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Re: Silver severe Market backwardation. Paper Market Breakdown.
Paper is trading for far less than actual Physical.

Example.
Paper is $27 an ounce.

Bars are $32-$34 an ounce
(APMEX: [link to www.apmex.com (secure)]

This is backwardation. And it's getting worse, not better. The paper market is breaking. HOLD THE LINE.

My fellow SilverTards we ride soon.

 Quoting: jlee2027


clappa

they're inflating, manipulating the paper markets, trading with Silver in paper markets in excess of the available physical assets, the house of cards, bubble will soon explode

for example with Gold, they're trading in paper markets 330 times more than the metal is annually mined, same with Silver
Anonymous Coward
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02/10/2021 12:03 PM
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Re: Silver severe Market backwardation. Paper Market Breakdown.
I'm not surprised the premiums are so high right now. It's a mix of high demand and low seasonal inventory. If the premiums stay high as the Mint produces more this summer? Then it's on, baby.
Anonymous Coward
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02/10/2021 12:04 PM
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Re: Silver severe Market backwardation. Paper Market Breakdown.
Paper is only paper.
Good to wipe with.
ShortStop

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02/10/2021 12:05 PM

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Re: Silver severe Market backwardation. Paper Market Breakdown.
https://imgur.com/a/gdZK0
darth

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02/10/2021 12:07 PM

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Re: Silver severe Market backwardation. Paper Market Breakdown.
Check out Robert Kiyosakin on utube.

For every 100 oz. used in industry, e.g., cell phones, only 80 oz. is mined.

Do the math.

Silver WILL go up. The manipulators cannot do this forever.

Keep stackin'!

This is an opportunity for the common investor to beat the billionaires.
Anonymous Coward
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02/10/2021 12:11 PM
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Re: Silver severe Market backwardation. Paper Market Breakdown.
I'm not surprised the premiums are so high right now. It's a mix of high demand and low seasonal inventory. If the premiums stay high as the Mint produces more this summer? Then it's on, baby.
 Quoting: Anonymous Coward 72776358


A big portion of the mines are located in places that's summer right now.
Anonymous Coward
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02/10/2021 12:20 PM
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Re: Silver severe Market backwardation. Paper Market Breakdown.
the robinhooders are hiotting pot sector...
but TLRY and APHA and CGC.... go movemengt pkay
jlee2027  (OP)

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02/10/2021 02:24 PM
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Re: Silver severe Market backwardation. Paper Market Breakdown.
I think they closed the factories for a week ("chip shortage") and diverted the silver to the US Mint and others, to restock the dealer shelves to appease the physical demand, and keep the price down.

Didn't work.
Anonymous Coward
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02/10/2021 02:25 PM
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Re: Silver severe Market backwardation. Paper Market Breakdown.
jlee2027  (OP)

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02/10/2021 02:26 PM
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Re: Silver severe Market backwardation. Paper Market Breakdown.


Worse and worse and worse...they'll need to go back to copper or graphene or something instead of silver in chips.
jlee2027  (OP)

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02/10/2021 09:26 PM
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Re: Silver severe Market backwardation. Paper Market Breakdown.


Last Edited by jlee2027 on 02/10/2021 09:27 PM
Anonymous Coward
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Greece
02/10/2021 09:28 PM
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Re: Silver severe Market backwardation. Paper Market Breakdown.
The silver market is backwardtarded from all the manipulation.
Anonymous Coward
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02/10/2021 09:29 PM
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Re: Silver severe Market backwardation. Paper Market Breakdown.
Paper is trading for far less than actual Physical.

Example.
Paper is $27 an ounce.

Bars are $32-$34 an ounce
(APMEX: [link to www.apmex.com (secure)]

This is backwardation. And it's getting worse, not better. The paper market is breaking. HOLD THE LINE.

My fellow SilverTards we ride soon.
 Quoting: jlee2027


ok silver will crash soon. backwardation will follo to contango later. thanks this confirms silver is crashing just like btc
maybe covid 21 is finally arriving
Anonymous Coward
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Greece
02/10/2021 09:32 PM
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Re: Silver severe Market backwardation. Paper Market Breakdown.
Paper is trading for far less than actual Physical.

Example.
Paper is $27 an ounce.

Bars are $32-$34 an ounce
(APMEX: [link to www.apmex.com (secure)]

This is backwardation. And it's getting worse, not better. The paper market is breaking. HOLD THE LINE.

My fellow SilverTards we ride soon.
 Quoting: jlee2027


ok silver will crash soon. backwardation will follo to contango later. thanks this confirms silver is crashing just like btc
maybe covid 21 is finally arriving
 Quoting: Anonymous Coward 80033558


The dollar is collapsing. Silver will hold value. Currencies come and go. Metals have been valuable for thousands of years. BTC is propped up by the tether usd scam. BTC is destined for the trash bin.
jlee2027  (OP)

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02/10/2021 09:40 PM
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Re: Silver severe Market backwardation. Paper Market Breakdown.
Paper is trading for far less than actual Physical.

Example.
Paper is $27 an ounce.

Bars are $32-$34 an ounce
(APMEX: [link to www.apmex.com (secure)]

This is backwardation. And it's getting worse, not better. The paper market is breaking. HOLD THE LINE.

My fellow SilverTards we ride soon.
 Quoting: jlee2027


ok silver will crash soon. backwardation will follo to contango later. thanks this confirms silver is crashing just like btc
maybe covid 21 is finally arriving
 Quoting: Anonymous Coward 80033558


The dollar is collapsing. Silver will hold value. Currencies come and go. Metals have been valuable for thousands of years. BTC is propped up by the tether usd scam. BTC is destined for the trash bin.
 Quoting: Anonymous Coward 77450255


Well said
Anonymous Coward
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02/10/2021 09:43 PM
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Re: Silver severe Market backwardation. Paper Market Breakdown.
OP, what's your thoughts on more exotic metals like Palladium or Rhodium?
Anonymous Coward
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02/10/2021 09:55 PM
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Re: Silver severe Market backwardation. Paper Market Breakdown.
Silver will break out eventually and rise to nearly $100 an ounce.
Buy now at $30 and see your money more than triple, and its REAL, you can hold it in your hand!
Anonymous Coward
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02/10/2021 09:56 PM
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Re: Silver severe Market backwardation. Paper Market Breakdown.
The premium on physical gold is getting higher, as well. On January 21, it was about 6% for one oz. gold eagles. Now, 3 weeks later, it's 10%.
Anonymous Coward
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02/10/2021 10:04 PM
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Re: Silver severe Market backwardation. Paper Market Breakdown.
They CANNOT raise the paper price. I believe that would destroy them by setting a fire under the physical demand.

So, they are stuck.
 Quoting: jlee2027


They can keep the paper prices low until comex contracts close in march...then close out their shorts.

But will they? 1dunno1

They just might if we keep the pressure on & keep buying/holding physical silver.

If they close out their short sales...silver will take off impressively! Even paper silver!

- MC
Anonymous Coward
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02/10/2021 10:04 PM
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Re: Silver severe Market backwardation. Paper Market Breakdown.
I haven't used this in a while...but I think this post merits it.

seal
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02/10/2021 10:07 PM

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Re: Silver severe Market backwardation. Paper Market Breakdown.
Paper is trading for far less than actual Physical.

Example.
Paper is $27 an ounce.

Bars are $32-$34 an ounce
(APMEX: [link to www.apmex.com (secure)]

This is backwardation. And it's getting worse, not better. The paper market is breaking. HOLD THE LINE.

My fellow SilverTards we ride soon.
 Quoting: jlee2027


I don't know where you are getting the price of $34....The cheapest silver I am seeing that is available is well into the $40 range. To get anything of substantial quality and quantity you are most likely looking at $45 from any of the internet brokers. Lot's of loose ounces on Ebay but, nothing substantive!!!
Banned again man!!!
jlee2027  (OP)

User ID: 76568830
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02/10/2021 10:11 PM
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Re: Silver severe Market backwardation. Paper Market Breakdown.
OP, what's your thoughts on more exotic metals like Palladium or Rhodium?
 Quoting: Anonymous Coward 72776358


It's not money and I prefer to own actual money, Gold and Silver.
Anonymous Coward
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02/10/2021 10:13 PM
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Re: Silver severe Market backwardation. Paper Market Breakdown.
OP, what's your thoughts on more exotic metals like Palladium or Rhodium?
 Quoting: Anonymous Coward 72776358


Or DU pellets?

Bullish.
Anonymous Coward
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02/10/2021 10:22 PM
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Re: Silver severe Market backwardation. Paper Market Breakdown.
OP, what's your thoughts on more exotic metals like Palladium or Rhodium?
 Quoting: Anonymous Coward 72776358


It's not money and I prefer to own actual money, Gold and Silver.
 Quoting: jlee2027


Not saying you are wrong. Right now you could get 1 & 1/2 oz AGEs for the same price as 1 oz Palladium coin.
darth

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United States
02/10/2021 10:25 PM

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Re: Silver severe Market backwardation. Paper Market Breakdown.
Paper is trading for far less than actual Physical.

Example.
Paper is $27 an ounce.

Bars are $32-$34 an ounce
(APMEX: [link to www.apmex.com (secure)]

This is backwardation. And it's getting worse, not better. The paper market is breaking. HOLD THE LINE.

My fellow SilverTards we ride soon.
 Quoting: jlee2027


I don't know where you are getting the price of $34....The cheapest silver I am seeing that is available is well into the $40 range. To get anything of substantial quality and quantity you are most likely looking at $45 from any of the internet brokers. Lot's of loose ounces on Ebay but, nothing substantive!!!
 Quoting: Perma-Banned


Try Texmetals dot com. Texas Precious Metals in Shiner, TX.

If you can drive there, you can purchase for cash at a discount.

No sales tax on PMs in TX.

Ag coins and bars around $33-35/troy oz.
Lover_Girl
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02/10/2021 10:28 PM

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Re: Silver severe Market backwardation. Paper Market Breakdown.
Woop!

Chain me baby!
silverfairy
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GLP